Labrador Resources Inc. Issues Clarification on Previously Filed Reserves Data

(via TheNewswire)

January 7th, 2025 – TheNewswire - Calgary, Alberta - Labrador Resources Inc. ("Labrador" or "the Company") wishes to inform stakeholders of a correction regarding its previously filed reserves data for the year ending October 31, 2023, disclosed in Form 51-101F1.

The Alberta Securities Commission ("ASC") has identified that the reserves evaluation included in the Company's filing was not prepared by an Independent Qualified Reserves Evaluator (“IQRE”) as defined under NI 51-101. As a result, the information in Form 51-101F1 should not be relied upon.

The Company has engaged Boury Global Energy Consultants Ltd., a certified IQRE, to conduct a reserves evaluation with an effective date of October 31, 2023, and October 31, 2024. The updated NI 51-101 Forms (F1, F2, and F3) for October 31, 2023, will be amended and refiled once the evaluation is complete.

Labrador is committed to ensuring the accuracy of its disclosures and maintaining compliance with all regulatory requirements and will provide updates as new information becomes available.

Contact Information Kaan Camlioglu CEO Phone: 403 818 1091 Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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